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Investing.com -- Swedish defense and aerospace company Saab AB (ST:SAAB_B) said on Wednesday it has received an order for mobile air defence systems from the Czech Republic valued at SEK 1.8 billion ($173 million).
The contract includes Saab’s mobile firing units based on the RBS (LON:NWG) 70 NG short-range missile system along with its Bolide missiles, the company said.
The RBS 70 NG is Saab’s latest generation of short-range air defense systems, designed to provide protection against aerial threats.
The Bolide missile is an advanced component of this defense system, offering enhanced capabilities against various airborne targets.
This order represents a significant contract for Saab’s air defense division and strengthens the company’s position in the European defense market as countries continue to upgrade their military capabilities.
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